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20121222
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for 2012. larry levin of trading advantage joins us now. larry, it feels like we are already hanging off that cliff. > > it definitely feels that way. everybody is obviously watching for some kind of news out of washington. that is what has moved the market every day for the past couple of weeks. it will be no different today. so i absolutely agree with you. > should investors be concerned about the move in the volatility index yesterday? > > it was interesting to see that, and it is really something that at least active investors watch on a regular basis, so any time the vix moves, i think it is something to watch. > what do you anticipate for the friday trade? > > i certainly think that we will see more lower prices in the market. the s&ps last week went below 1400, this past week. we have seen that, and i think that really shows us that we're going to see more trade below 1400 in the s&ps, so that is really what i'd watch for. > what about the volume? will it be there today? > > i think as long as this fiscal cliff sits in front of us, that is going to be there. the volume will die do
on your screen now! david: joining the company now from chicago is larry levin with trading advantage. larry, we hear a lot of theoretical talk, political talk about the fiscal cliff, let's get real specific. we actually have a chart of how much you're paying in taxes now on the left and this is how much extra you would pay if you go off the fiscal cliff. so look at that, if you're 50,000, you pay about 1200 bucks more. 100,000, $3600 more. how specific -- that's how it would affect individual income tax. how would it affect the economy and specifically the commodity trading that you do? >> well, it's for the stock indexes that i trade, the s&p and dow jones those markets i think will take a very large hit. in fact a good example of that would be what we saw about week and a half ago when we saw the republicans come in with the vote and then tend up not taking the vote at all. we saw the s&ps lose about 30 handles overnight, got a lot of that back because everybody thought they would go back and talk again. that's a really good example, a little bit of foreshadowing if you will of wha
Search Results 0 to 1 of about 2

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